UIPI Bulletin Board
Urban
Insurance Partners Institute Web Site
Community Resources
Organization Profile
Name of Organization
Illinois FAIR Plan Association
Purpose
Property Insurance
Government affiliated:
Local
Tax status
Not-for-profit
Year founded
1968
Annual budget
$3 million plus
Total number of full and part-time staff
30
Mission
• To provide basic and affordable property insurance for qualified properties when not available through the standard market for reasons beyond the applicant’s control.
• To encourage securing insurance through a producer in the standard market.
• To provide service and coverage comparable to the standard market.
• To educate the public on the availability of the FAIR Plan and fire safety.
• To encourage the revitalization of urban neighborhoods.
Do you currently partner with insurers or representatives of the insurance industry?
Yes.
If yes, in what ways?
The Illinois FAIR Plan is a not-for-profit association funded by policyholders’ premiums and the insurance industry.
Do you educate homeowners about insurance? If so, how?
Yes. Through policyholder communications and involvement with community groups.
Are any insurance industry companies or agencies represented on your board? Is so, which ones?
Fireman’s Fund, selected by the American Insurance Association (AIA)
Prudential Insurance Companies, selected by the Alliance of American Insurers (AAI)
Allstate Insurance Companies, selected by the National Association Independent Insurers (NAII)
State Farm Insurance Companies, appointed
Nationwide Insurance Companies, appointed
Recent accomplishments
The Illinois FAIR plan continues to be a viable option for property owners who cannot purchase property insurance in the standard market.
Officers and titles
Douglas A. Jensen, General Manager
Joseph A. Hathaway, Accounting Manager
Mary A. Carroll, Administration Manager
Gordon Balsano, Claims Manager
Narda F. Kokott, M.I.S. Manager
Delores B. Parlor, Underwriting Manager
Contact person and contact information
Douglas A. Jensen
Illinois FAIR Plan Association
130 E. Randolph, Suite 1350
Chicago, IL 60601-6207
(T) (312) 861-0385, ext. 206
E-mail: djensen@illinoisfairplan.com
Organization Web site address
www.illinoisfairplan.com
Information provided by
Douglas Jensen
Date February 20, 2001
Urban Insurance Partners Institute Section
UIPI Contact
Tammy Rader
Organization contact
Douglas Jensen
Date Completed
2/20/01